Fully leased four-plex in the desirable Keeneland Park Subdivision. Gross annual rent of $70,140 with a verified NOI of $55,016 (5.37% cap rate at $1,025,000). Each of the four 2-bed, 1.5–2 bath units (910–950 SF) features a fireplace, in-unit laundry, and covered parking. Recent updates include LVP flooring and 2024 carpet/paint. Community amenities include a clubhouse and pool adjacent to the property. HOA dues ($275/mo) cover exterior and common-area maintenance. Tenants pay their own gas/electric; owner pays water and sewer.
Boise’s multifamily market remains one of the strongest in the region, with ~3% vacancy rates and ~4% annual rent growth, driving consistent investor demand. Priced at approximately $256K per door ($275/SF), this property delivers stable cash flow with upside potential for rent growth — an ideal candidate for 1031 exchange buyers or long-term investors.
Financials are deemed reliable but not guaranteed; buyer to verify all income and expenses.